News

Logitech Beats Earnings Estimates and Raises Guidance Despite Sales Decline

1 Mins read

Logitech International, the computer peripherals maker, has surpassed earnings estimates and increased its guidance for the fiscal first quarter, despite a continued decline in sales. Although the company still foresees a sales decline for the first half of the fiscal year, the decrease will not be as sharp as previously expected. This positive news has resulted in a 3.4% increase in Swiss-listed shares during early European trading.

Logitech now anticipates sales to range between $1.875 billion and $1.975 billion in the first half, higher than the previous estimate of $1.8 billion to $1.9 billion. The revised sales decline is projected to be between 14% and 19%, which is an improvement compared to the previous range of 18% to 22%.

The upward revision was prompted by impressive first-quarter results that surpassed expectations. The company reported adjusted earnings per share of $0.65, exceeding analysts’ estimates of $0.46, as reported by FactSet. Additionally, sales of $974 million, a 16% decrease compared to the previous year, also outperformed expectations by surpassing the anticipated $916 million.

Interim CEO Guy Gecht expressed his pride in the team’s accomplishments during the first quarter amidst challenging market conditions.

Although Logitech’s Swiss-listed stock experienced a significant 12.5% decline last month following the abrupt departure of CEO Bracken Darrell, it has since recovered and is currently down only 0.3% for the year in early European trading.

Related posts
News

Essaadi: Foreign Exchange Volatility to Persist in 2025

3 Mins read
The Managing Director/CEO of Nigerian Breweries Plc, Mr. Hans Essaadi, yesterday hinted that foreign exchange volatility is expected to continue in 2025,…
News

N. Korean tech workers faked IDs for overseas defense jobs

1 Mins read
N. Korean tech workers faked IDs for overseas defense jobs. April. 03, 2025 07:50. by 남혜정기자 [email protected]. North Korean cyberattacks involving the…
News

School curriculum resources to teach children about risks of in-game purchases

3 Mins read
The Oak National Academy – an arm’s length body to help schools deliver curriculum content – has launched a package of teaching…

Leave a Reply

Your email address will not be published. Required fields are marked *

6 + 1 =